News
Startup DataCubes Raises $2.5M to Transform Commercial Underwriting With Data Science
DataCubes, a data science platform startup that enables carriers to accurately quote commercial insurance policies by asking customers a few simple questions, has completed a Series A funding round ...
Carriers Must Do Better Job Educating Consumers About Deductibles: IRC Report
A perfect storm is brewing. As hurricane season ramps up on the East Coast, a new report from the Insurance Research Council (IRC) reveals that many homeowners insurance customers don't understand ...
Name Change Coming for Sciemus With HSCM Bermuda Partnership
Sciemus, a Specialty Lloyd's MGA, is forming an investing partnership with HSCM Bermuda, a firm that invests in reinsurance and insurance-linked assets across all lines of business. The deal also ...
After Months of Development, B3i’s Blockchain Prototype Is Ready for Testing
The industry's Blockchain Insurance Industry Initiative (B3i) has developed a reinsurance blockchain prototype for a property excess of loss contract—and could be on the cusp of an industry ...
Executives On The Move at AXIS Insurance, Starr Companies, Everest Re and JLT Re
AXIS Insurance tapped an Aspen Insurance veteran to be its new renewable energy underwriter. Starr Companies has a new global chief claims officer. JLT Re named a new executive in a key ...
Future of State Auto’s E&S Business Under Review
Columbus, Ohio-based State Auto Insurance Group is reviewing options for its excess and surplus (E&S) lines business, including a possible sale, the company said in an announcement. State Auto ...
National Flood Insurance Program Gains Extension Until Dec. 8; Reform Talks Continue
President Donald Trump last Friday signed legislation reauthorizing the National Flood Insurance Program until Dec. 8, 2017, which buys more time for Congress to consider reforms of the program. The ...
Hurricane Harvey Could Upend a Long Period of Flat Commercial Insurance Prices: Willis Towers Watson
Hurricane Harvey could upend a trend of nearly flat commercial insurance prices that has continued since 2015, Willis Towers Watson said in its latest industry survey. "Insurers are bracing for a ...